Background In a globalised world Small, Medium and Large businesses are impacted by a variety of external threats. One of the unavoidable external and unforeseen threats to businesses are natural...

Background In a globalised world Small, Medium and Large businesses are impacted by a variety of external threats. One of the unavoidable external and unforeseen threats to businesses are natural disasters and global epidemics. Some examples of natural disasters are earthquakes, volcanoes, fires, floods etc. as well as global virus outbreaks and illnesses. Tasks This assessment requires you to research and critically analyse One (1) external threat (disaster or Global epidemic) in relation to the impact on a specific small, medium or large business. Ideally the business impacted must be based in Australia. Your essay should identify the key issues faced by business across – management decision making, overall business strategy and operational structure. You may choose a real world ‘Australian’ business (Ideally a small, medium size or Large business): - What is the disaster and which industry will it affect? (ensure you discuss the ‘specific’ potential impacts. - How is the business responding to the threat - changes in overall strategy/direction of the business, day-to-day operations, community relations etc. - What management theory should the business’ use to adapt to the challenges posed by the natural disaster. - Discuss the changes to the operating environment that the business (and the industry as a whole) has to face due to the external threat. - Critically analyse the response businesses have employed to respond to the unforeseen threats. Criteria Use the essay format: Ensure you provide a clear Introduction where you state your point of view. Use the Body of the essay to identify and apply relevant management theories and address your point of view. Provide a clear Conclusion restating your key arguments and point of view. Full 'in-text' referencing citing at least five academic sources and a Reference list using the Harvard referencing style.
Aug 11, 2021
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